3. Problem 11.12 (IRR and NPV) eBook Problem Walk-Through A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: O 2 Project S -$1,000 $883.89 $250 $5 $5 Project L -$1,000 $10 $250 $380 $862.64 The company's WACC is 9.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places